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Mongolia vs Fiji (Standard of Living)

Published: Monday, 21th October 2024

Recently Updated: Monday, 13th January 2025

The Standard of living in Mongolia is 1.01 times better as compared to Fiji.

In this page, you will find side-by-side Standard of Living comparison between Mongolia and Fiji. We have created 53 standard-of-living indicators. We average the values and ranges of all those indicators and take a mathematically calculated approach to determine which country has a better standard of living between Mongolia and Fiji.

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Economic Factors Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of mongolia
Mongolia
Image illustrating the flag of mongolia
Pictorial representation of map of fiji
Fiji
Image illustrating the flag of fiji
Gross Domestic Product (GDP)(2023)
Image representing the total Gross Domestic Product of any specific country
$18.782 billion USD$5.511 billion USD
GDP Per Capita
(2023)
Image representing the total Gross Domestic Product Per Capita of any specific country
5,348 USD6,024 USD
GINI Ratio
(2023)
Image representing the total GINI Ratio or GINI Coefficient of any specific country
0.330.36
Inflation on Consumer Prices
(2023)
Image representing the Percentage of Inflation on consumer prices of any specific country
10.35 % annually4.52 % annually
Central Government Debt
(2023)
Image representing the Central Government Debt of any specific country
67.6 % of GDP36.6 % of GDP
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Gross Domestic Product (GDP) is a measure of the total value of all goods and services produced within a country in a specific time period, usually a year. It is used to gauge the economic performance of a country and indicates how wealthy and productive a nation is. In simple terms, GDP tells us how much a country is producing and how well its economy is doing.


As per the statistics from the World Bank Data for the year 2023, the total GDP of Mongolia is $18.782 billion USD and that of Fiji is $5.511 billion USD.


On the other hand, Gross Domestic Product (GDP) Per Capita is the average economic output per person in a country. Simply put, it shows how much, on average, each person contributes to the economy, giving an idea of the standard of living and economic well-being of the people in that country.


From the above data, we can say that a person living and working in Mongolia contributes less to the country's economy compared to a person working in Fiji.

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Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of mongolia
Mongolia
Image illustrating the flag of mongolia
Pictorial representation of map of fiji
Fiji
Image illustrating the flag of fiji
Human Development Index (HDI) (2024)
Image representing the Human Development Index of any specific country
0.7410.729
Human Capital Index (HCI) (2024)
Image representing the Human Capital Index of any specific country
0.610.51
Literacy Rate
(2023)
Image representing the Literacy Rate of any specific country
99.18% (15 years+ above age)99% (15 years+ above age)
Life Expectancy Ratio
(2023)
Image representation of Life Expectancy Ratio any given country
70.1 years65.5 years
Healthy Life Expectancy Ratio
(2023)
Image representation of Healthy Life Expectancy Ratio any given country
61.3 years57.7 years
Poverty Ratio
(2023)
Image representing the Poverty Rate of any specific country
27.8% of total Population24.1% of total Population
Unemployment Rate
(2023)
Image representing the Unemployment Rate of any specific country
6.13% of total labor force4.33% of total labor force

The Human Development Index (HDI) is a measure used to assess the overall well-being and quality of life of people living in a country. The key dimensions that give a country good HDI rank are a long and healthy life, being knowledgeable and having a decent standard of living.


From the above given statistics, we can see that the HDI of Mongolia is [ 0.741 ] and the HDI of Fiji is [ 0.729 ].

The data shows that the people living in Mongolia has better income, life expectancy and education level compared to Fiji.

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Government National Expenditure Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of mongolia
Mongolia
Image illustrating the flag of mongolia
Pictorial representation of map of fiji
Fiji
Image illustrating the flag of fiji
Gross National Expenditure
(2023)
Image representing the total Gross National Expenditure of any specific country
93.5 % of GDP100.94 % of GDP
Total Health Expenditure
(2023)
Image representation of total Health Expenditure of any given country
6.91 % of GDP5.38 % of GDP
Research and Development Expenditure (2023)
Image representing the Government Expenditure of any specific country
0.09 % of GDPYet to Update
Government Expenditure on Education (2023)
Image representing the Government Expenditure of any specific country
4.26 % of GDP5.97 % of GDP
International Tourism Expenditure (2023)
Image representing the International Tourism Expenditure of any specific country
573 million USD77 million USD
Number of International Tourists Arrivals (2023)
Image representing the Number of International Tourists Arrival in any specific country
66,900168,000
Military Expenditure
(2023)
Image representing the Military Expenditure of any specific country
0.6 % of GDP1.4 (% of GDP)

The total Gross National Expenditure of Mongolia is 93.5% of its GDP and the total Gross National Expenditure of Fiji is 100.94% of its GDP.

From the above data, we can say that Mongolia spends 1.08 times less of its GDP on Gross National Expenditure compared to Fiji.

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Health System Facilities Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of mongolia
Mongolia
Image illustrating the flag of mongolia
Pictorial representation of map of fiji
Fiji
Image illustrating the flag of fiji
Number of Doctors
(2023)
Visual representation of number of Doctors in any specific country
38.7
(Per 10,000 People)
8.14
(Per 10,000 People)
Number of Nurses
(2023)
Visual representation of number of Nurses in any specific country
42.2
(Per 10,000 People)
38.4
(Per 10,000 People)
Number of Pharmacists
(2023)
Visual representation of number of Pharmacists in any specific country
6.83
(Per 10,000 People)
1.04
(Per 10,000 People)
Available Hospital Beds
(2023)
Visual representation of Available Hospital Beds in any specific country
8
(Per 1000 People)
2
(Per 1000 People)
Pregnant Women Receiving Prenatal Care (2023)
Visual representation of Pregnant Women Receiving Prenatal Care in any specific country
99.1 % of total Population97.7 % of total Population

Mongolia has 4.75 times more Doctors compared to Fiji (Per 10,000 People).

Mongolia has 1.10 times more Nurses compared to Fiji (Per 10,000 People).

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Environmental Factors Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of mongolia
Mongolia
Image illustrating the flag of mongolia
Pictorial representation of map of fiji
Fiji
Image illustrating the flag of fiji
Agricultural Land
(2023)
Image Depicting the total Agricultural Land available in any specific country
1,126,312 Sq Km3,116 Sq Km
Forest Area
(2023)
Image Depicting the total Forest Area available in any specific country
141,716.7 Sq Km11,467 Sq Km
CO2 Emissions
(2023)
Image Depicting the total CO2 Emissions from any specific country
0.46 kg per PPP $ of GDP0.1 kg per PPP $ of GDP
Access to Electricity
(2023)
Image Depicting the access of electricity in any specific country
100 % of total Population92 % of total Population
Access to Internet
(2023)
Image Depicting the access of internet in any specific country
81.61 % of total Population87.66 % of total Population
Annual Fresh Water Withdrawals (2023)
Image Depicting the annual freshwater withdrawals from any specific country
0.46 Billion cubic meters0.08 Billion cubic meters

100% of the total Population of Mongolia has access to the electricity in their homes, whereas, in case of Fiji, 92% of the total Population has access to electricity.

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Business Registration Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of mongolia
Mongolia
Image illustrating the flag of mongolia
Pictorial representation of map of fiji
Fiji
Image illustrating the flag of fiji
Time Required to Start a Business (2023)
Image representing Time Required to Start a Business
12 Days40 Days
New Businesses Registered (2023)
Image representing New Businesses Registered
15,488 (New Businesses)1,352 (New Businesses)
New Businesses Registration Density (2023)
Image representing New Businesses Registration Density
7.24 (Per 1000 People)2.22 (Per 1000 People)
Cost of Business Start-Up Procedures (2023)
Image representing Cost of Business Start-Up Procedures
1.2 % of GNI Per Capita14.5 % of GNI Per Capita

In the year 2023, 15,488 new businesses got registered in Mongolia and 1,352 new businesses got registered in Fiji.

It usually takes 12 days in Mongolia and 40 days in Fiji to register a new business legally and systematically.

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Import & Export Factors Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of mongolia
Mongolia
Image illustrating the flag of mongolia
Pictorial representation of map of fiji
Fiji
Image illustrating the flag of fiji
Imports of Goods and Services (2023)
Image representing Imports of Goods and Services
69.23 % of GDP65.77 % of GDP
Total Fuel Imports
(2023)
Image representing Total Fuel Imports
22.29 % of Merchandise Imports24.29 % of Merchandise Imports
Cost to Import Border Compliance (2023)
Image representing Cost to Import Border Compliance
209.78 USD 319.83 USD
Time to Import Border Compliance (2023)
Image representing Time to Import Border Compliance
48 Hours34.75 Hours
Cost to Import Documentary Compliance (2023)
Image representing Cost to Import documentary Compliance
82.56 USD 57.5 USD
Time to Import Documentary Compliance (2023)
Image representing Time to Import Documentary Compliance
114.67 Hours33.75 Hours
Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of mongolia
Mongolia
Image illustrating the flag of mongolia
Pictorial representation of map of fiji
Fiji
Image illustrating the flag of fiji
Exports of Goods and Services (2023)
Image representing Exports of Goods and Services
78.01 % of GDP55.16 % of GDP
Total Fuel Exports
(2023)
Image representing Total Fuel Exports
53.88 % of Merchandise Exports0.03 % of Merchandise Exports
Cost to Export Border Compliance (2023)
Image representing Cost to Export Border Compliance
225.11 USD316.67 USD
Time to Export Border Compliance (2023)
Image representing Time to Export Border Compliance
134 Hours56 Hours
Cost to Export Documentary Compliance (2023)
Image representing Cost to Export documentary Compliance
63.89 USD76 USD
Time to Export Documentary Compliance (2023)
Image representing Time to Export Documentary Compliance
168 Hours56.33 Hours
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Tax Factors Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of mongolia
Mongolia
Image illustrating the flag of mongolia
Pictorial representation of map of fiji
Fiji
Image illustrating the flag of fiji
Gross National Savings
(2023)
Image representing the total Gross National Savings of any specific country
31.38 % of GDP11.98 % of GDP
Tax Revenue
(2023)
Image representing the total tax revenue collection of any specific country
16.91 % of GDP15.87 % of GDP
Taxes on Exports
(2023)
Image representing Taxes on Exports
0.001 % of Tax Revenue0.53 % of Tax Revenue
Taxes on Goods and Services
(2023)
Image representing Taxes on Goods and Services
30.94 % of Tax Revenue32.67 % of Tax Revenue
Taxes on International Trade
(2023)
Image representing Taxes on International Trade
7.01 % of Revenue13.42 % of Revenue
Time to Prepare and Pay Taxes (2023)
Image representing Time to Prepare and Pay Taxes
134 Hours247 Hours
Customs and Other Import Duties (2023)
Image representing Customs and Other Import Duties
12.81 % of Tax Revenue19.4 % of Tax Revenue

The taxes charged by Mongolia on international trade is 7.01% of the total revenue and the taxes charged by Fiji on international trade is 13.42% of the total revenue.

The Taxes charged on International Trade by Mongolia is 1.91 times less of its total revenue than of Fiji.

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We hope you enjoyed the detailed guide on the standard of living comparsion between Mongolia and Fiji.

For more side-by-side comparsion between Countries, States and Cities, you can use the search box above or click the links below.

The Comparedoo.com family sincerely appreciates your time with us. We look forward to seeing you on our other pages.

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